Lego Group confirms it will build EUR 100m plant in Hungary
Denmark's Lego Group confirmed a report on Friday that it would build a €100 million plant in Nyíregyhaza (NE Hungary) to replace its existing plant in the city.
Construction of the plant, which will turn out LEGO R and DUPLO products, will start in 2012, Lego Group said. The 80,000 square meters, energy efficient plant will replace its existing one which no longer meets the company's requirements.
A 13,000 square meters part of the plant will be completed already in 2012. The rest of the plant will be completed by 2015. Moulding, decorating and packaging will all take place at the new plant.
From 2015, the plant will operate with 450 moulding machines.
Headcount at Lego Group's operations in Nyíregyhaza is expected to rise by 250 from 1,300 at present when the plant is completed.
Lego is currently renting its plant in Nyíregyhaza from contract electronics manufacturer Flextronics, which will take it back at the end of 2014.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.